Life on Earth, Inc. (LFER) financial statements (2021 and earlier)

Company profile

Business Address 575 LEXINGTON AVENUE
NEW YORK, NY 10022
State of Incorp. DE
Fiscal Year End May 31
SIC 208 - Beverages (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3411118921827
Cash and cash equivalents3411118921827
Receivables  431821602
Inventory, net of allowances, customer advances and progress billings  23233929313
Inventory  23233929313
Prepaid expense  0102 15
Other undisclosed current assets  312   
Total current assets:3469881267157
Noncurrent Assets
Property, plant and equipment  3111260 
Intangible assets, net (including goodwill)  5861,723339375
Goodwill  195922 375
Intangible assets, net (excluding goodwill)  391801339 
Regulated entity, other noncurrent assets 16   8
Deposits noncurrent assets  5225 
Other undisclosed noncurrent assets (16) 48 (383)
Total noncurrent assets:  6221,905405 
TOTAL ASSETS:341,3212,7171,07657
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,0851,8332,0361,81671928
Accrued liabilities    18 
Other undisclosed accounts payable and accrued liabilities2,0851,8332,0361,81670128
Debt82869458778552019
Derivative instruments and hedges, liabilities203147    
Due to related parties6562 2 10
Business combination, contingent consideration, liability11757383   
Deferred revenue and credits  21
Other undisclosed current liabilities1,5341,4971,0659875573
Total current liabilities:4,8324,2904,0713,5901,79680
Noncurrent Liabilities
Long-term debt and lease obligation   49  
Long-term debt, excluding current maturities   49  
Other undisclosed noncurrent liabilities   58 55
Total noncurrent liabilities:   107 55
Total liabilities:4,8324,2904,0713,6971,796135
Stockholders' equity
Stockholders' equity attributable to parent(4,829)(4,286)(2,750)(980)(720)(79)
Preferred stock 11111
Common stock211340241913
Additional paid in capital13,06812,90112,0845,7943,055721
Accumulated deficit(17,918)(17,201)(14,875)(6,798)(3,795)(815)
Other undisclosed stockholders' equity attributable to parent1     
Total stockholders' equity:(4,829)(4,286)(2,750)(980)(720)(79)
TOTAL LIABILITIES AND EQUITY:341,3212,7171,07657

Income statement (P&L) ($ in thousands)

11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
Revenues25641,0093,2562,458194
Revenue, net 2,458194
Gain (loss) on disposition of assets for financial service operations(168)1 
Net investment income  1,009   
Cost of revenue
(Cost of Goods and Services Sold)
(36)(167)(873)(2,529)(1,780)(216)
Gross profit:(11)(102)136726678(22)
Operating expenses   (1,753)(2,338)(343)
Operating income (loss):(123)(102)136(1,026)(1,659)(365)
Nonoperating income (expense) 813(903) 98 
Investment income, nonoperating 813(903)   
Other nonoperating income    98 
Interest and debt expense(720)(745)(1,954)(2,114)(1,418)(35)
Loss from continuing operations before equity method investments, income taxes:(843)(34)(2,721)(3,141)(2,980)(400)
Other undisclosed income (loss) from continuing operations before income taxes  (5,356)0  
Loss from continuing operations before income taxes:(843)(34)(8,077)(3,141)(2,980)(400)
Income tax benefit   137  
Loss from continuing operations:(843)(34)(8,077)(3,004)(2,980)(400)
Loss from discontinued operations(1,887)(3,139)    
Net loss:(2,731)(3,173)(8,077)(3,004)(2,980)(400)
Other undisclosed net income attributable to parent843847    
Net loss available to common stockholders, diluted:(1,887)(2,326)(8,077)(3,004)(2,980)(400)

Comprehensive Income ($ in thousands)

11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
Net loss:(2,731)(3,173)(8,077)(3,004)(2,980)(400)
Comprehensive loss, net of tax, attributable to parent:(2,731)(3,173)(8,077)(3,004)(2,980)(400)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: